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20th September, 2019

New Budapest homes reach Ft 900,000 per m2

The average price of newly built homes in Budapest reached Ft 900,000/m2 in the second quarter, the Budapest Housing Report calculated based on a database of 24,000 homes in large housing projects in the capital.

The number of new homes offered was down by 5% from the first to the second quarter. The number of new homes built was 800, down by 72% from the previous quarter.

The average size of a new home is 64m2.

The average price of a new home is close to Ft 2 million/m2 in the Fifth District, making it the most expensive district. The cheapest districts are the 16th and the 17th districts, where the average price is slightly below Ft 600,000/m2.

Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).

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